Home/Filings/4/0001733239-19-000002
4//SEC Filing

Valencia Gerardo 4

Accession 0001733239-19-000002

CIK 0001538849other

Filed

Jul 21, 8:00 PM ET

Accepted

Jul 22, 4:46 PM ET

Size

11.6 KB

Accession

0001733239-19-000002

Insider Transaction Report

Form 4
Period: 2019-07-18
Valencia Gerardo
DirectorPresident
Transactions
  • Award

    Phantom Performance Units

    2019-07-18+5,0829,759 total
    Common Units (5,082 underlying)
Footnotes (2)
  • [F1]Each phantom performance unit represents a contingent right to receive one common unit ("Common Unit") representing a limited partner interest in CrossAmerica Partners LP and is accompanied by tandem distribution equivalent rights that entitle the holder to cash payments equal to the amount of distributions authorized to be paid to the holders of Common Units.
  • [F2]35% of the grant will vest on the third anniversary of the grant date, with the remaining 65% vesting on the third anniversary of the grant date subject to the attainment of the performance criteria set forth in the award agreement. Upon vesting of each performance phantom unit, the recipient will receive one Common Unit, or in the discretion of the issuer, cash equal to the fair market value of a Common Unit on the vesting date.